Buchanan Partners, based in Gaithersburg, MD, also announced plans to renovate the warehouse section of the 162,300-sf center, which it purchased last November with Dutch equity partner Stone Hedge Investments. Eventually, Buchanan will build a new 96,000-sf building on the 17-acre site.
Renovations for the center, located at 1501 Moran Rd. near AOL headquarters and a mile from the Route 606 interchange with the Dulles Greenway, include upgrading the building's exterior, adding loading docks, fixing up the parking lot and landscaping. Plans also include making the building ADA-compliant.
"Few people realize that much of eastern Loudoun County is actually undergoing redevelopment, with high-tech and professional users replacing the earlier industrial tenants," says Buchanan Partners principal Robert Buchanan.
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